Samuel Oyadongha
9 June 2008
Lagos — About 2,000 families are expected to benefit from the Bayelsa State government/private sector driven owned a home scheme in Yenagoa, the Bayelsa State capital by 2010 if the Memorandum of Understanding between the state government and the management of Trans-Atlantic Mortgage Limited finally takes off in the predominantly riverine state.
Already, Trans-Atlantic Mortgage Limited, the first of its kind in Bayelsa State have rolled out a plan for over 2,080 families to own their own homes within the state capital at a rate to be subsidies by the government through its civil servant low cost housing scheme.
Also planned for implementation under the state housing policy drawn between the mortgage outfit and the state Ministry of Lands and Housing were projects such as the Ekeki Phase 11 and the Trans Atlantic Garden complemented with full ownership and facilities. Speaking to newsmen weekend on the development, the Managing Director of the Trans-Atlantic Mortgage Limited, Mr. Preye Ogriki said the different category of housing policies to be handled under the new agreement with the state government is to encourage the people of the state to own a house. He, however, shed more light on the Ekeki Phase 11 housing project which triggered controversy over the modalities adopted for the allocation explaining that though names of allottees have been compiled but that the houses have not been allocated to anyone. "We have not done any allocation but we have lists of persons with the facility. What we are doing is embarking on the audit of those persons listed to determine whether they are capable of meeting with the required payment. It is meant for the public and particularly they must be Bayelsans.
The allocation of the house would be done based on commitments," Mr. Ogriki stated and denied reports that the bank is under pressure from politicians in the state to be allocated choice houses.
On the newly proposed Trans Atlantic Garden City, Mr. Ogriki stated that though the cost is higher, it is mainly meant for those that can afford it and would be the biggest of all the policies.
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